
IEA Warns Hormuz Crisis May Push Global Oil Demand Into Contraction
The IEA warned that disruption in the Strait of Hormuz could push global oil demand into contraction in 2026 as supply losses and inventory declines accelerate.

The IEA warned that disruption in the Strait of Hormuz could push global oil demand into contraction in 2026 as supply losses and inventory declines accelerate.

Boskalis has mobilized Shoalway, Strandway and Magnor at Harwich Haven to maintain berth depth for large container vessels serving the Port of Felixstowe.

DP World has launched end-to-end cargo war risk insurance covering ocean and air transport, port storage and inland delivery across Middle East trade routes.

A bulk carrier was hit by a drone near Qatar while sailing from Abu Dhabi to Mesaieed, causing a minor fire before continuing its voyage.

The trial over the Dali bridge collapse is scheduled to begin on 1 June 2026, with liability limits, seaworthiness, and negligence claims expected to shape proceedings.

South Korean investigators said two unidentified projectiles struck HMM Namu in the Persian Gulf, causing a fire that disabled the vessel.

The Seafarers Happiness Index fell sharply in Q1 2026 as Persian Gulf conflict increased safety fears, supply shortages and stress for crews.

KiwiRail has been ordered to pay NZ$400,000 after Maritime NZ found safety failings linked to the 2024 grounding of the ferry Aratere.

CMA CGM confirmed its vessel CMA CGM San Antonio was attacked in the Strait of Hormuz, leaving crew members injured and the ship damaged.
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